If I have a car in my name with a lien on it and the car Is only god for scrap metal can I put the loan lien on my wifes car if she transfers the car to me.
Yes, you can put a lien on a bonded title.
The only way that a person could register a car in one name and title it to another in CA would be if you put the person who is going to operate the vehicle as the "Registered Owner" and put the other person on as the "Legal Owner" This would mean the person who is listed as the "Lien Holder" would receive the title and the vehicle can not be sold or transferred without the lien holder signing off the title. Vehicle Registration Wizards @ firstname.lastname@example.org
The car belongs to the person listed as the owner on the title. Listing someone as the lien holder does not make them the owner.You can't transfer a motor vehicle when you know there's a lien on it. The lien would be reflected on the title and a prudent buyer wouldn't take title that is encumbered by a lien.
how can i put a lien on a motor vehicle for a loan that was put out and no payment made yet on the personal loan
as long as you physically have the title in your possession and its in your name and they haven't signed the back, you are still the legal owner. A title company would have to give proof of your financial obligation to them
You will have to get a new title showing yourself as lien holder
That would be counterproductive if the title you hold is in your name. If you are holding the title for someone else, a lien would only make a difference when they sell the car--and it has to meet certain criteria.AnswerNo. You cannot place a lien on your own property legally since there is no separation of title. A lien gives the lien holder a legal interest in the property of another. If you are holding property in your name for someone else, the title is in your name and you cannot place a lien against it.
Auto cash title loans do not put a lien on your car. What happens is you surrender the title to the loan company and they give you cash. If you fail to pay back the loan, they have the title and are now able to legally come and take your vehicle.
If you don't hold the title to that truck, you have nothing to put a lien on. The title holder is the actual legal owner of that vehicle, and when you say you're saying that you're leasing it from your "employer" (in reality, you, as a lease operator would be a 1099 contractor, not an employee), it tells me they hold the title on the truck, and already have a lien on it, as well.You have nothing to put a lien on, plain and simple.
In this particular state you can not put a lien on a vehicle. There are 49 other states in the Union.
Record lien on title- as 1st lien holder
Personal property is pretty much impossible to put a lien on unless it has a title. Only something with a title, such as a car or boat, can really get a lien put on them. And real property, basically land, can have a lien put on it.
I need to know how to put a lien on a vehicle in the province of BC
If the vehicle was put as collateral for the loan, there already is a lien on it.
If I sold a vehicle and the bank did not give me the whole amount owed towards the vehicle or the person buying the vehicle did not pay the remainder of the money can I put a second lien on the vehicle I live in Indiana
you can get a bonded title. or put a mechanics lien on it
The lien holder from the previous owner needs to sign off on the sale before you can change the title. If you buy the car, but still owe money on it, you can get the title in your name with the previous owner as lienholder.
In most states a shop can put a mechanic's lien on the vehicle whether you are still paying the note or not. This means that you cannot sell the vehicle until you clear the lien.
Yes, if you left it for repairs in a shop and did not pay for repairs, they can put a mechanics lien on it, also if your car was towed and you did not take it out of storage they can put a storage lien on it. Sometimes even when you finance a car if they accidentally forget to add a lien and you receive the title, they can still add the lien with the contract or agreement they have signed by you.
If the car is put up as collateral for a loan, and that loan is not repaid according to the written agreement then a lien will be placed on the title. If you sell the vehicle the lien holder will be paid first before you are able to put any money into your pocket. Never use your car as collateral for any loans ... cars lose their values and soon enough the lien (loan) will be more than the car is worth. The lien still has to be paid off when it's sold, even if the lien amount exceeds the price the car is sold for.
they can put a lien on your title,its called a mechanics lien
A lien on a car title most typically means that money is still owed on the car. When a person takes out a loan on a car a lien is put on the title until the full repayment of the loan.